IHOP

INVESTMENT HIGHLIGHTS

• CORPORATE LEASE – Lease is signed by IHOP Leasing, LLC, wholly owned subsidiary of Dine Brands Global, Inc., the largest casual dining chain operator in the world.
• ABSOLUTE NNN LEASE – This property offers an absolute NNN lease with zero Landlord responsibilities, ideal for passive investment.
• STRATEGIC LOCATION – This property is strategically located among major retailers. It is outparceled to a Home Depot home improvement store. To the east, across US 129 is a Target anchored power center.
• LONG OPERATING HISTORY – IHOP’s original lease commenced in December of 1998.
• HISTORY OF LEASE EXTENSION – IHOP extended their lease in 2018, exercising 2 options simultaneously and bringing the expiration date to December 18th, 2028.
• PROXIMITY TO FOOTHILLS MALL – The subject property is located across US Hwy 321 from the highly trafficked Foothills Mall. Foothills Mall is a regional shopping center which features approximately 70 stores and restaurants.
• TIME TESTED BRAND – IHOP has been in business since 1969 and has successfully navigated numerous market cycles.
• RECENT IMPROVEMENTS IN THE AREA – Foothills Mall Drive was recently extended to connect the Target power center, Home Depot, Foothills Mall, Kroger Marketplace, etc. This will create more efficient traffic through the area and allow more consumers to pass by the subject property.